Plus, Halliburton hit by a cyberattack. And, NetEase shares slump ending the week down 21%. Julie Chang hosts.
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[00:00:01] Here's your TNB Tech Minute for Friday, August 23. I'm Julie Chang for The Wall Street Journal.
[00:00:07] Artificial intelligence companies in China are pushing ahead despite being cut off from the world's most advanced chips for AI computing.
[00:00:15] Their solution? Write more efficient code for large language models to cope with using less sophisticated semiconductors.
[00:00:22] Others are building smaller, specialized models or employing training methods that require less energy and time.
[00:00:29] Halliburton, the oil field services company, has been hit by a cyberattack.
[00:00:33] In a filing with the Securities and Exchange Commission, the Houston company said it discovered an unauthorized party gained access to some of its systems.
[00:00:41] Halliburton took some systems offline as a protective measure.
[00:00:44] The company said it also launched an internal investigation and notified law enforcement.
[00:00:49] Data breaches have been on the rise this year, with global cyberattacks up 30% in the second quarter of 2024.
[00:00:56] That's according to a July report from Checkpoint Research, a cyber threat intelligence provider.
[00:01:02] And shares of NetEase slumped after the Chinese video game giant reported Thursday a profit miss in computer game sector softness,
[00:01:10] a move some analysts called an overreaction.
[00:01:13] The company ended the week down 21%.
[00:01:16] The stock is on track for its largest daily percentage loss since December, when China proposed new online gaming curbs that it later walked back.
[00:01:24] For a deeper dive into what's happening in tech, check out Monday's Tech News Briefing podcast.
[00:01:29] The company's